Why Moderna Stock Is Bouncing Back Today
Shares of Moderna (NASDAQ: MRNA) were bouncing back by 3.6% as of 11:04 a.m. EDT on Tuesday after falling 6% on Monday. The rebound appears to be due to investors buying on the dip after digesting news that some top scientists are opposing booster doses for messenger RNA vaccines.
There's a pretty good case to be made that yesterday's sell-off of vaccine stocks was overdone. For one thing, it remains to be seen what impact that opposition to boosters will have on upcoming U.S. government decisions.
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Source Fool.com
